Advertisement
Singapore markets close in 20 minutes

  • Straits Times Index

    3,285.58
    -7.55 (-0.23%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE 100

    8,093.12
    +52.74 (+0.66%)
     

  • Bitcoin USD

    63,774.91
    -2,796.53 (-4.20%)
     

  • CMC Crypto 200

    1,363.94
    -18.64 (-1.35%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,337.70
    -0.70 (-0.03%)
     

  • Crude Oil

    83.13
    +0.32 (+0.39%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.26
    -1.22 (-0.08%)
     

  • Jakarta Composite Index

    7,158.60
    -15.94 (-0.22%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

SIA profits up 192% to $189.9m in Q2

Singapore Business Review

SIA and SIA Cargo registered stronger operating profits.

Singapore Airlines' (SIA) profits rose 192% YoY to $189.9m in Q2, thanks to stronger operating results.

According to its financial statement, operating profit rose by 112.8% to $232m, after a $195m increase in revenue.

SIA Group's main companies recorded mixed results.

Operating profit for SIA rose by 52.94% to $170m and improved operating revenue, thanks to higher passenger flown revenue.

SIA Cargo reversed its loss of $11m last year to an operating profit of $26m. Revenue grew as freight carriage grew, further lifted by an improvement in cargo yield.

ADVERTISEMENT

Scoot and SilkAir recorded weaker earnings as they continued to invest for expansion.



More From Singapore Business Review